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Iceland Major Exports by Category and Value

Navigate Iceland's export landscape with category-by-category analysis and key market insights

Aluminium ingots

Main Exported Product

$6.9 b

Market Size

620.2 m Kg

Highest-Volume Exports

~10.89%

Market Growth Rate

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Iceland Export Market

AI Insight

Iceland's export sector demonstrates a strong 10.89% growth trajectory, anchored by aluminium ingots ($1.7B) and a diverse seafood portfolio. The Netherlands remains the dominant trade partner with a 39.59% market share. Key market dynamics show high-value growth in Portugal (33.87%) and the United States (20.75%). While metals drive volume, the significant export of artificial body parts ($237M) suggests a growing niche in high-tech medical manufacturing alongside traditional commodities.

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Top 10 Exported Products

AI Insight

Aluminium ingots lead exports with a value of $1.70B. The seafood sector is also vital, with frozen and fresh fish fillets combined exceeding $1.10B. Other key contributors include aluminum alloys and artificial body parts, reflecting a mix of metal production and high-value medical manufacturing.

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Leading Destination Countries

United States: 13.86%Norway: 6.57%France: 8.58%Poland: 2.89%Germany: 5.8%Netherlands: 39.59%Portugal: 2.67%Spain: 5.57%Denmark: 2.92%United Kingdom: 11.55%
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Netherlands

39.59%
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United States

13.86%
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United Kingdom

11.55%
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France

8.58%
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Norway

6.57%
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Germany

5.8%
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Spain

5.57%
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Denmark

2.92%
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Poland

2.89%
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Portugal

2.67%
AI Insight

The Netherlands is the primary destination, accounting for 39.59% of exports ($2.26B). The United States and United Kingdom follow, representing 13.86% and 11.55% respectively. European markets dominate the top ten list, illustrating strong regional trade integration alongside significant transatlantic demand.

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Export Growth Performance

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10.9%Annual Growth
AI Insight

The export market exhibits a robust growth rate of 10.89%. This positive trajectory indicates strong international demand and expanding trade capacity. Sustained double-digit growth suggests a healthy competitive position in global markets for the country's primary export commodities.

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Emerging Supply Markets

AI Insight

Portugal leads emerging growth with a 33.87% increase, followed by the United States at 20.75%. Spain and the United Kingdom also show strong upward trends. These figures highlight diversifying demand across both Southern Europe and North America.

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Iceland Export Requirements

Before Shipment
Obtain import licenses for restricted goods like food or medicines. Ensure compliance with EEA technical standards. Secure health or phytosanitary certificates for animal products. Register for an EORI number if trading commercially.
Documentation Required
Essential documents include the Commercial Invoice, Bill of Lading or Air Waybill, and a detailed Packing List. A Certificate of Origin is required for preferential tariffs, while the Single Administrative Document is used for final customs declarations.

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Iceland free trade agreements and preferential access markets.

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  • European Economic Area (EEA)
  • EFTA-United Kingdom
  • EFTA-Canada
  • EFTA-South Korea
  • EFTA-Singapore
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Market Opportunities

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Iceland Main Exports: Destinations & Market Analysis 2026